{"id":225257,"date":"2016-06-24T17:06:31","date_gmt":"2016-06-24T17:06:31","guid":{"rendered":"http:\/\/citifmonline.com\/?p=225257"},"modified":"2016-06-24T17:06:31","modified_gmt":"2016-06-24T17:06:31","slug":"brexit-uk-tech-sector-reacts-to-leave-vote","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/06\/brexit-uk-tech-sector-reacts-to-leave-vote\/","title":{"rendered":"Brexit: UK tech sector reacts to Leave vote"},"content":{"rendered":"
Now the UK has decided to leave the European Union, technology firms have been left to wonder what the future holds.<\/p>\n
As news of Brexit broke, tech firms including BT, TalkTalk and software firm Sage reported share price falls.<\/p>\n
For years, the UK – and particularly London – has championed the role of tech firms in buoying the economy.<\/p>\n
Hundreds of start-ups have benefitted from the government’s Tech City initiative, for example, and both employees and customers have been plucked from EU member states.<\/p>\n
Much was once made of British companies’ potential to compete with Silicon Valley – hence the nickname of the London hub of “Silicon Roundabout”.<\/p>\n